TAG: GBP
Central banks preview: Fed, ECB and BoE on the radar this week
It’s a busy week ahead for the central bank calendar, with 5 major central banks set to report on their monetary policy. The two-day showdown will be kicked off by the Federal Reserve (Fed) on Wednesday, followed by the European Central Bank (ECB), Bank o...
7 months ago
UK CPI drops to a two-year low, pushing the FTSE 100 to a seven-month high
The FTSE 100 surged in early trading on Wednesday as the latest inflation figures showed consumer prices had risen less than expected in the last 12 months. Headline CPI came in at 3.9% year-over-year in November, the lowest level in two years. Analysts h...
7 months ago
Key events on April 2: fundamental analysis for beginners
Analysis of macroeconomic reports: There are slightly more macroeconomic events scheduled for Tuesday. However, on Monday, there was the important US ISM Manufacturing PMI data, which triggered a significant decline in both currency pairs. On Tuesday, we...
6 months ago
Analysis and trading tips for GBP/USD on April 2
Analysis of transactions and tips for trading GBP/USDThe test of 1.2605 took place at a time when the MACD line moved downward from zero. This provoked a sell signal, which led to a price decrease of over 30 pips. Meanwhile, purchases on the rebound from...
6 months ago
Analysis and trading tips for GBP/USD on April 2 (US session)
Analysis of transactions and trading tips on GBP/USDNo price tests occurred in the pair despite a slight increase in pound in the morning. The growth came from the manufacturing activity data in the UK, which stopped declining.FOMC members will speak toda...
6 months ago
Overview of the GBP/USD pair. April 2nd. The British pound continues to ignore the fundamental background
The GBP/USD currency pair on Monday continued to pretend to trade until the release of the ISM index. Inexperienced traders may think that a downward trend has formed in the 4-hour timeframe, but we want to note that this is not the case. First, switch to...
6 months ago
EUR/USD and GBP/USD: Technical analysis on April 2
EUR/USDHigher TimeframesYesterday, the bears continued their downward pressure and reached the final support of the weekly Ichimoku cross (1.0742). Breaking the golden cross will open up new prospects for the bearish part of the market. As a result, we ca...
6 months ago
GBP/USD: trading plan for the US session on April 2nd (analysis of morning deals). The pound recovered slightly
In my morning forecast, I focused on the level of 1.2575 and planned to make decisions based on it for market entry. Let's look at the 5-minute chart and see what happened there. The pound saw some growth, but it never reached the test and false breakout...
6 months ago
US dollar posts steep gains
On Monday, the euro and the British pound suffered heavy losses against the greenback. This was attributed to objective reasons. Recent data indicated an unexpected surge in US manufacturing activity in March, fueled by a sharp recovery in production and...
6 months ago
Trading Signal for EUR/USD for April 2-4, 2024: buy above 1.0742 (0/8 Murray - rebound)
The euro is trading around 1.0747, above 0/8 Murray, and inside the downtrend channel forming since March 8. On the H4 chart, we can see that the euro reached the bottom of the downtrend channel around 1.0720 and from that level, it is bouncing and is lik...
6 months ago
Analysis of GBP/USD. April 2nd. The dollar awaits the JOLTS report
The wave analysis for the GBP/USD pair remains quite complex. For several months now, we have been observing movements between the Fibonacci levels of 50.0% and 23.6%. Horizontal movement is not the best for wave analysis. As I have already noted, the wav...
6 months ago
Analysis of GBP/USD. April 5th. The dollar received meager support from strong payrolls
The wave analysis for the GBP/USD pair remains quite complex. For several months in a row, we have observed movements between Fibonacci levels of 50.0% and 23.6%. Horizontal movement is not the best for wave analysis. As I have already noted, the wave pat...
6 months ago
GBP/USD: trading plan for the US session on April 5th (analysis of morning deals)
In my morning forecast, I pointed out the level of 1.2645 and planned to base my market entry decisions on it. Let's look at the 5-minute chart and analyze what happened there. There was a rise, but before testing the false breakout formation around 1.264...
6 months ago
Analysis and trading tips for GBP/USD on April 5 (US session)
Analysis of transactions and trading tips on GBP/USDThe test of 1.2628 took place at a time when the MACD line rose from zero. This provoked a buy signal, but no upward movement occurred.Data on the US unemployment rate and average hourly wages will come...
6 months ago